IMPACT OF FINANCIAL KNOWLEDGE ON RETIREMENT PLANNING & CONFIDENCE WITH FINANCIAL BEHAVIOUR AS A MEDIATOR
  https://doi.org/10.65725/JCMCE/2/2/004
JOURNAL OF CONTEMPORARY TRENDS IN MANAGEMENT, COMMERCE AND ECONOMICS (JCMCE) 
ISSN: 3108-3501
Volume 2 Issue 2, APR-JUN 2026

Abstract:
Retirement is an important event that every working individual experiences in life.  It is imperative to provide for a secured foundation for the future financial requirements which demand for a planning at the present. This is possible based on the financial awareness and wise behavior of an individual. Financial Knowledge is a vital determinant of retirement planning and confidence. It deals with knowledge of financial products, financial concepts including the ability to apply analytical skills for financial decision-making. Financial Behavior refers to an individual’s approach to effectively manage their finances to lead a financially secured life. The main aim of the current study is to determine the impact of Financial Knowledge on Retirement Planning & Confidence with Financial Behaviour as a mediator among 160 women teachers working in various disciplines across universities/colleges in Chennai. Survey method was used to collect data.  Weighted Mean, t-test, ANOVA, Karl Pearson’s Correlation, Multiple Regression and Mediation Analysis were used for the purpose of analysis. Findings revealed that, Financial Knowledge and Financial Behavior were positively and significantly correlated. A significant positive relationship was also found to exist between Financial Behavior and Retirement Planning & Confidence. Further, Financial Knowledge was found to have a significant positive impact on Retirement Planning & Confidence with Financial Behavior as a Mediator.

Authors: Ms. Kavitha Manikandan, Dr.A.S.Gayathri

Keywords: Financial Knowledge, Financial Behavior, Financial Literacy, Savings and Investments, Financial Planning, Retirement Planning,
Retirement Confidence.